Tutorial_8_-_HP.ppt - Business Law HP Tutorial 8 Question 1...

This preview shows page 1 - 5 out of 11 pages.

Business Law HP Tutorial 8
Image of page 1
Question 1 Peter purchased a laptop on hire-purchase. The purchase was financed by XYZ Credit. Peter has defaulted on two instalments successively. Advise XYZ Credit whether they can repossess the laptop from Peter or not. (15 marks)
Image of page 2
Issue What must be complled with in order to ensure that the repossession is legal? Law and Application XYZ credit must comply with s16(1) Hire Purchase Act 1967 ,namely The hirer defaulted two instalment successively The hirer defaulted the last payment The 4 th schedule notice have been given to hirer The 21days stated in the 4 th schedule have expired On the fact, it is not clear whether all of these conditions have been fulfilled Conclusion XYZ Credit must comply with s16(1) Hire Purchase Act 1967
Image of page 3
Question 2 Using your own words, explain the meaning of “hire purchase agreement”. Provide the TWO types of agreement which are not hire purchase agreement according to the Hire Purchase Act 1967.
Image of page 4

Want to read all 11 pages?

Image of page 5

Want to read all 11 pages?

You've reached the end of your free preview.

Want to read all 11 pages?

  • Spring '14
  • Sewing, Sewing machine, Mrs. Ng, XYZ Credit

{[ snackBarMessage ]}

Get FREE access by uploading your study materials

Upload your study materials now and get free access to over 25 million documents.

Upload now for FREE access Or pay now for instant access
Christopher Reinemann
"Before using Course Hero my grade was at 78%. By the end of the semester my grade was at 90%. I could not have done it without all the class material I found."
— Christopher R., University of Rhode Island '15, Course Hero Intern

Ask a question for free

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern